1Mby1M Incubation Radar 2022: OneNDF, New Delhi, India

OneNDF is a small business loan marketplace that handles all the loan requirements of SMBs and specializes in Secured Loans. It started off as an offline loan marketplace in 2013. It launched its video powered loan marketplace in August 2021 to provide SMBs access to credit facilities through technology. It has 95 lenders and has generated revenue of over $100k through the platform in just 4 months. 

Featured Videos

Bootstrapping by Piggybacking: Evenica CEO Sadek Ali (Part 3)

Sramana Mitra: You joined that other company, but you kept the software services that was going in parallel.

Sadek Ali: Correct. Then we ended the business when I went to New York. From there, I came home because I felt that I had enough experience to do my own raise with my own ideas. In this next company, I was doing crypto and all that stuff. I learned how to do a raise and had my biggest failure at that point. It was then that I finished my PhD.

Sramana Mitra: What didn’t work in crypto?

Best of Bootstrapping: Bootstrapped Y Soft to $30M from the Czech Republic

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

This is a wonderful story of a Czech entrepreneur, Vaclav Muchna, Co-owner and CEO of Y Soft. At age 22, at a time when his country was far from ready to support entrepreneurs, he struggled through immense odds and has built a global business. Read on for inspiration and excellent lessons from our discussion in 2017.

Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?

Vaclav Muchna: I was born in Czech Republic. I studied electronics in high school, which I didn’t like. It was not possible back then that would parlay into the software industry. Because the country was not so developed, access to technologies was limited. I really didn’t like the school. I was born and raised in Prague and then moved to Brno which is the largest city.

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Video FAQs

Building a 2-sided Farm to Table Marketplace from Indiana: Nick Carter, CEO of Market Wagon (Part 3)

Sramana Mitra: From your network, how big of a consumer base were you able to pull together?

Nick Carter: We got to about 70 to 80 orders a week, which is $2,500 to $3,000 in sales. It was enough of a critical mass.

Sramana Mitra: How long did it stay in just Indianapolis?

Nick Carter: The first year.

Best of Bootstrapping: Bootstrapping to $10M from Australia, Raising $25M from the US

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

“Bootstrap First, Raise Money Later,” is the 1Mby1M mantra. Ashik Ahmed, CEO / CTO Co-founder of Deputy, shared his story in 2017 of bootstrapping to $10 Million before raising $25 Million in the first external financing.

Sramana Mitra: Where are you from? Where were you born, raised, and in what kind of background? Let’s start at the very beginning of your story.

Ashik Ahmed: I was born in Bangladesh. In 1997, my whole family migrated to Melbourne in Australia. I did my high school education as well as university in Melbourne. Then we moved to Sydney where I started working for my co-founder. My co-founder and I founded Deputy in 2008.

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Thursday, January 6 – 558th 1Mby1M Mentoring Roundtable for Entrepreneurs

Entrepreneurs are invited to the 558th FREE online 1Mby1M Mentoring Roundtable on Thursday, January 6, 2022, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 p.m. India IST.

If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.

You can learn more here and register to pitch or attend here. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!

Bootstrapping by Piggybacking: Evenica CEO Sadek Ali (Part 2)

Sramana Mitra: You started doing programming work for this one company. What happens after that?

Sadek Ali: Once I had gotten that particular gig, the actual relationship lasted about two years. It happened to be with OpenText. This is where I got immersed with search technologies. I fell in love with them at that time. My brother and I took a look at how to deal with large data intractable problems. We looked at image processing and environmental systems. That led me into doing my Masters.

Building a 2-sided Farm to Table Marketplace from Indiana: Nick Carter, CEO of Market Wagon (Part 2)

Sramana Mitra: What year does this bring us up to?

Nick Carter: About 2013 is when I started working on food and agriculture.

Sramana Mitra: What were you doing?

Nick Carter: I started a food manufacturing business. Eventually, I realized that I needed to use my tech entrepreneurship skills to focus on the local food scene. I built technology to power an online farmer’s market. It’s a two-sided marketplace called Market Wagon.